One-person 401(k)Question If you work alone, with no employees, can you have a 401(k) plan?
Answer Yes. Even if you are self-employed, this type of plan may enable you to maximize contributions because you can make both employee salary reduction contributions (elective deferrals) and employer contributions.
Be sure to consult with your financial and tax advisor. 
Brain Trust contributor:
Author of J.K. Lasser's Small Business Taxes 2007
© 2007, Small Business Network, Inc., All Rights Reserved.
Subject to the Terms of Use of AskJim.biz |
    AskJim ID: 2134
|
 |
|
|
Small business answers — NOW!
Ask your business question:
|
©Copyright 2009-2012 by Small Business Network, Inc.